1. Paytm Money

This broker application has an appealing pricing structure and a solid referral program. The finest thing that’s their fixed but moderately inexpensive brokerage appeals to day traders and speculators. When you are new to investing and know little to nothing regarding stock markets, Paytm Money might be a good place to start.

All you have to use the app is create a Paytm app account, which is a fairly straightforward process. Then, to use the Paytm Money app, you must use similar login information. Then adhere to the KYC criteria so that you can engage in active market trading.

Method of Referral

A Code One application software should be downloaded and installed.

Make an account to register. Select ‘Brands’ by clicking.

To register for a Paytm Money account, select “Demat Account.”

Follow the familiarisation instructions and successfully respond to the inquiries that appear.

The URL will be generated when you hit the “Share Now” button.

The reward will be added to the recipient’s account once they register for a trading account on Paytm Money.

Related: Earn Paytm Cash 

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2. Upstox

In India’s capital markets, mutual funds and stocks are traded using the Upstox software. You may also participate by enrolling in the Upstox referral link service and telling your friends about the referring URL. Among the top refers and earn applications available in India.

Each participant receives 200 rupees in referral commission from Upstox. Initially referred to get the cash on their account, the new trader must finish the procedures and open a trading account.

Method of Referral

Adhere to the instructions and upload the required documents to create an investment account in the Upstox app.

The user must go to the dashboard’s profile icon once they have created their account and uploaded all required papers.

The link for referrals is generated; send it to others.

The two hundred rupees will be added to the account once your friends click on the link you send them and sign up for a Upstox account.

The initial referrer is entitled to an additional 100 rupees for every amount invested in the new account.

3. IIFL Securities

Among stockbrokers in India’s Capital Markets, IIFL Securities is a market leader. Current customers advertise their referrals for extra cash as part of their referral program. For all other trades, there is a fee of Rs 20 but they offer their users free trading of equity shipment, hence no commission fees.

On each successful referral, they offer a reward of Rs 500, making their referral program quite lucrative.

Method of Referral

Log into the IIFL Securities account and navigate to the referral section.

Read the terms and conditions before proceeding.

Share a referral link or referral code given to their friends and family.

Once the referral opens an account and completes the account opening within 30 days, the referrer will get referral benefits.

4. PhonePe

Here is a fantastic refer-and-earn program with an intuitive UI that allows you to make a bank transfer to any account quickly. You may use this app to pay for many other things, such as bills, investments, in-game purchases, gold, and much more. Bank transfers are just the beginning.

The most popular UPI application in India is Google Pay, with PhonePe coming in second. Cashback and referral points are also good in PhonePe.

Method of Referral

The existing customer will need to open the PhonePe app and navigate to the referral section.

Click on Refer & Earn.

Select the channel through which the user would like to send the invitation.

Share the link with others.

Once the referral signs up for the app and completes the registration process, the referrer will be eligible for referral benefits.

5. Google Pay

Google Pay, formerly known as Tez, is one of the most successful apps in the market which is used by many people. It makes it possible for users to carry out simple financial transactions through mobile phones. There are many options available for money transfers. Transferring money between accounts has never been easier thanks to this great app.

Google Pay offers scratch cards for any transaction that costs more than Rs 150 and customers love it. It also pays well on each referral.

Method of Referral

Open the Google Pay app on your device and tap on the three horizontal lines in the top left corner of the screen.

Tap on “Invite friends”.

Share your referral link with friends and family via WhatsApp, Email, SMS, etc.

Once your friend installs the app using your referral link and completes their first transaction, you will be eligible to earn a referral bonus.